Chicago Booth Startups Earned $85 Million in VC Funding

Published at 4:51 PM CDT on Jul 13, 2011

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Chicago Booth must be doing something right. The business school announced Tuesday that 11 companies started by its students netted more than $85 million in VC funding in the last year.

Among the recent success stories are Braintree (a company that assists businesses process credit-card payments), Bump Technologies (a smartphone developer), and Grubhub (the ubiquitous site that facilitates ordering restaurant food for delivery).

In the statement, Steven Kaplan, the faculty director for Booth's Polsky Center for Entrepreneurship, elaborated on the school's newfound bragging rights on this claim.

Entrepreneurship is one of the most popular concentrations for our M.B.A. students. Even students who don’t plan to start a business when they graduate say they benefit from the skills taught in our entrepreneurship courses.